Economic Considerations a Year After the March 2020 Market Crashes

Economic Considerations a Year After the March 2020 Market Crashes

Jennifer Tepetate

In March 2020, schools began to close. Students started learning from home. Businesses closed temporarily, some even permanently. The stock market begins to crash dramatically. Now, almost a year later, a new vaccine is available for teachers. Businesses are also reopening with health safety guidelines in place to prevent the further spread of covid-19. Still, with people losing jobs, students may feel the need to get a job themselves to help pay bills and help their parents financially. It can put a lot of stress on oneself, affect school attendance, and grades.

     A recently developing issue, the covid-19 coronavirus pandemic, caused the stock market to crash. According to an article called How Does The 2020 Stock Market Crash Compare With Others? by Kimberly Amadeo, investors were worried about the impact the issue would create. Investors were also worried since former President Donald Trump launched trade wars with China and other countries.

     As a result of the crash, people with retirement savings or other funds invested in the stock market are impacted because their holdings reduce in value. Petroleum, real estate, entertainment, and hospitality stocks also reduced in value whereas stocks in natural gas, food, healthcare, and software rose in value.

     Although many stocks have decreased dramatically, an article called “COVID-19 and the March 2020 Stock Market Crash. Evidence from S&P 1500provided evidence that proves that the best performing industries include healthcare and medical devices, which may be connected to the mortality rate of covid-19. Food and grocery distribution also performed well, as restaurants and eateries were shut down to the public. Network services experienced an increase in demand due to the fact that more employees continue to move to online working.

     The stock market is unpredictable and the economy is always changing. People are looking for jobs, including students, to help pay for their bills after they may have been laid off. It can and will add a lot to your plate and make you worry. It is important to take a break from work, school, and take deep breaths.